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Chapter 11 Bankruptcy in Arlington

Debt Relief for Texas Business Owners

Chapter 11 is not as well understood as Chapter 7 and Chapter 13. This chapter allows struggling business owners to reorganize their debts and confidently address the financial needs of their company with the hope of rebuilding and securing renewed financial solidity. In 2010 alone, more than 14,000 Chapter 11 bankruptcy cases were filed. Large corporations such as K-Mart, General Motors, and United Airlines have all filed for Chapter 11 bankruptcy.

If you are a business owner in North Texas and struggling to keep above water, Chapter 11 bankruptcy could be the key solution to help you restructure your company and discharge debts.

Why Chapter 11 May be the Answer for You

By filing under Chapter 11, you effectively request assistance from the bankruptcy court. Major corporations and small businesses alike can utilize the provisions in Chapter 11, but there are some special exceptions available for small businesses. Under the bankruptcy code, a small business debtor is a business owner who owes a total of $2,490,925 or less.

If you hope to keep your business afloat and continue operations after the bankruptcy proceedings are over, Chapter 11 bankruptcy could be a good choice for your business. You will most likely not be forced to dissolve the company when you file. Instead, you can continue operating even while the bankruptcy is in process with oversight from the court.

Serving Business Owners Throughout North Texas

If you are a business owner contemplating Chapter 11 bankruptcy, don't hesitate to get in touch with our experienced Arlington bankruptcy lawyer today. We have effectively served countless clients throughout Arlington, Mansfield, Grand Prairie, Fort Worth, Cedar Hill, and other North Texas communities since our bankruptcy law firm was founded in 1998. With over 30 years of experience, Attorney Marilyn Garner understands the Texas bankruptcy laws as they apply to business owners.

Take a step toward a fresh financial start. Call The Law Office of Marilyn D. Garner at (817) 381-9292 for a free consultation to learn how we can help you get your business back on its feet.

“My experience with the law office of Marilyn Garner was amazing. They made me feel welcome from the time I stepped in the office until I left.”

- Former Client
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